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Tuesday, 24 April 2012

Interdependence with the ACP leaves Europe out of options

During the course of a workshop recently hosted by the Commonwealth Secretariat in London, Secretary General Dr. Mohamed Ibn Chambas recalled the great potential of the ACP Group as an international partner. “We [..] believe that Europe will continually need the ACP to validate its evolving role as a global actor in international relations. As principal donor to the ACP, the EU has access to 79 member countries within its sphere of diplomatic and geopolitical influence.”
He underlined that the ACP economies represent a potentially huge market and an attractive investment opportunity, particularly so considering “Europe’s aging population and its current fiscal and institutional challenges”.
Despite recognizing the significant gap between Europe and the 79 countries of the Group in terms of technology and skills, he stressed the abundance of natural resource endowments in the ACP Group. “There is therefore a basis for interdependence and mutuality of interests”, he added.

Source: ACP